2016 is a rocky year thus far for university endowments, as explained in this story from Bloomberg. At Yale the administration is facing calls from state legislators to tax its endowment. And this article discusses the taxation proposals in a broader context. More from the Yale Daily News here.

Political correctness roundup: Charles Murray defended his work against criticism from the president of Virginia Tech. At Emory someone writing “Trump 2016” in chalk on sidewalks has discombobulated some students . . . and the president of the institution, as reported by noted historian Harvey Klehr. Our friend George Leef describes the debate in Tennessee over continued taxpayer funding for UT-Knoxville’s diversity office.

Not a pretty picture: This article from FEE discusses the most recent U.S. Department of Education data concerning student loan repayments. The Education Department also recently announced an expansion of its debt-forgiveness program for former students of for-profit Corinthian Colleges.

Graphic of the week: The American Institute for Economic Research has charted college costs, the general price level, and average earnings using Bureau of Labor Statistics numbers, from 1980 to 2015. Note well that the BLS college costs estimate reflects prices actually paid by students, rather than sticker prices.